Week 7

TMO hit the market like a bomb. This early intervention of TMO was a surprise for everyone. In fact, there was no shortage of hazelnuts in the market. There was a stock problem and this early intervention worked for the stockists. But we will see if the free market will work with those announced figures (39 TL for shelled hazelnuts). Announcing that they will collect the hazelnut demands until Monday, it is also a matter of curiosity how much demand can be collected at those prices by TMO. TMO could not observe the market correctly! The amount of demand, which has already shown a decreasing momentum, may decrease even more at these prices.

In addition, it should not be forgotten that TMO bought it from the farmers it found, at a price range of 26.5 – 29.5 TL. TMO, which is expected to be next to the farmers, now behaves like a trader and sells the shelled hazelnuts, which it bought between 26.5 – 29.5 TL, for 39 TL today. If they had such a sales target, they could buy from the farmers at a higher price. It is not ethical for a government agency to pretend to be a trader, to buy from farmers at cheap prices, to sell it at very high prices and to manipulate the market by intervening early.